Peabody Energy Corp (BTU)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 2.51 | — | — | — | 2.77 | — | — | — | 2.29 | — | — | — | 13.45 | — | — | — | 1.48 | — | — | — | |
| Number of days of payables | days | 145.47 | — | — | — | 131.86 | — | — | — | 159.46 | — | — | — | 27.14 | — | — | — | 247.28 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.51
= 145.47
Peabody Energy Corp's number of days of payables has shown some fluctuations over the periods provided. As of December 31, 2023, the company had 145.47 days of payables, indicating that, on average, it takes approximately 145.47 days for Peabody Energy to pay off its accounts payable. This figure is higher compared to the previous quarter at September 30, 2022, where the number of days of payables was 131.86 days. This suggests that the company took longer to pay off its payables in the most recent period.
It is noted that in some quarters, the data for the number of days of payables is not available. However, taking into consideration the available data points, there is a significant disparity in the number of days of payables, with a range from as low as 27.14 days on March 31, 2021, to as high as 247.28 days on December 31, 2019, which indicates potential inconsistencies in the company's payables management over time.
Overall, a higher number of days of payables could indicate that Peabody Energy Corp is taking a longer time to settle its outstanding bills, which may have implications for its liquidity and cash flow management. Monitoring this metric over time can provide insights into the company's ability to effectively manage its working capital and supplier relationships.
Peer comparison
Dec 31, 2023